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Aug 18, 2009
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, tax zoerns creating in india. these are all for infrastructure building programs and they're going to continue. >> but what i hear is something else. what i hear is they're hoarding, they're stockpiling and there's a limit to that kind of behavior. >> well, there certainly is a limit to how much they can stockpile, loans have been given out and the infrastructure building. we've got pictures of people lining up up to buy condo, government programs to instill competent in the marketplace. there's a huge, huge infrastructure built up for copper wiring through the basically, they build all these power stations and there's not enough electricity getting out to the rural area, so to create josh, they're extending the wiring infrastructure throughout china in addition to building light railways, i think those factors very, very bull issue for the commodity demand. then we have this basically clunk, also seeing the commodities domestically pickup with the turnover for cars. zinc prices are picking up. the demand in china
, tax zoerns creating in india. these are all for infrastructure building programs and they're going to continue. >> but what i hear is something else. what i hear is they're hoarding, they're stockpiling and there's a limit to that kind of behavior. >> well, there certainly is a limit to how much they can stockpile, loans have been given out and the infrastructure building. we've got pictures of people lining up up to buy condo, government programs to instill competent in the...
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Aug 13, 2009
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india had a light monsoon season and it's drier than expected. going to be low. brazil is the biggest grower had the opposite problem. too wet and the harvests are low. they are up 90% for the year. you wonder what this means to us. it could go higher. they may have to import and they are the largest consumer. if they import it constricts the global supply and you might have inflation. sugar goes into about everything except your coffee. maybe it's an outliar. who knows. >> we are here decrying all the government intervention. >> it's all government intervention. >> why are we subsidizing sugar? it makes me crazy. it's wrong, wrong, wrong. >> they are talking about the situation in the u.s. and there is argument. cash for sugar. >> from sugar to banks. banks have focused and john paulson buying a stake in bank of america. both these banks have taken bailout money. how are the t.a.r.p. banks paying off? in washington with a closer look. hampton. >> as you know better than anyone, it's all in how you break it down. the only really money in the bank for taxpayers, t
india had a light monsoon season and it's drier than expected. going to be low. brazil is the biggest grower had the opposite problem. too wet and the harvests are low. they are up 90% for the year. you wonder what this means to us. it could go higher. they may have to import and they are the largest consumer. if they import it constricts the global supply and you might have inflation. sugar goes into about everything except your coffee. maybe it's an outliar. who knows. >> we are here...
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Aug 26, 2009
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in india a government regulator just put out a report, four times as many people getting on the web on their phones as on their pc. >> what about that? do you buy into some of these trends or are you just literally looking very specifically at dividend plays and value plays? >> well, one of the things that we've seen is the u.s. consumer and consumer around the world is actually continuing to buy stuff, which is great. you would think that with the challenges the consumer has faced over the last year or so in deleveraging and everything else and the job market the way it is the consumers wouldn't be spending. but one of the things that we're hopeful about with the economy is that the consumer's actually out there spending money. >> well, what about the market here? you're talking about a market that's up 50% from the bottom on march 9th or so. >> we think right now we're pretty much as close to a maximum value point for the moment. when third quarter earnings come out, we expect them to be pleasing enough that the market may even sprint higher. but we may quet a pause here. september,
in india a government regulator just put out a report, four times as many people getting on the web on their phones as on their pc. >> what about that? do you buy into some of these trends or are you just literally looking very specifically at dividend plays and value plays? >> well, one of the things that we've seen is the u.s. consumer and consumer around the world is actually continuing to buy stuff, which is great. you would think that with the challenges the consumer has faced...
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Aug 6, 2009
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brazil, russia, india and china looks like an interesting place. it's not something for somebody doesn't want to take too much risk. it's a great three- to five-year play. >> one final question. looking over the longer term, you said be careful short term. there's etfs. if you want to do this and look at a five-year trade, what would that be. >> build a diversified portfolio and currency deposits. you can do it with a single trade and diversify arocross th globe. or look at the brazil, russia, india, and china. >> lots of interesting ideas there. frank trotter, as we said, from everbank direct. as you said, you can go online and look for all of those currencies. >>> let's get straight to share epperson. sharon? >> natural gas is coming up quickly here. down almost 20 cents. 10 cents in the past minute or so. waiting for the number to come out. it is up 66 bcf. the rise in natural gas storage level was above expectations, which were basically in a range between 69 and 64. the number came in above 66. i'm with john woods now, veteran natural gas trad
brazil, russia, india and china looks like an interesting place. it's not something for somebody doesn't want to take too much risk. it's a great three- to five-year play. >> one final question. looking over the longer term, you said be careful short term. there's etfs. if you want to do this and look at a five-year trade, what would that be. >> build a diversified portfolio and currency deposits. you can do it with a single trade and diversify arocross th globe. or look at the...
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Aug 13, 2009
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we do have china and india. their economies are doing well. the u.s. is still by far the largest consumer of oil. we certainly don't have the extra money right now to push prices to higher levels. >> all right. steve, thank you. and brian. >> i believe we have breaking headlines right now on the olympics. let's get to darren rovell for those. >> hi, erin. the international olympic committee executive board has recommended two sports for inclusion for the 2016 games. those sports are golf and rugby. those sports that would now be out are baseball, softball, karate, squash, and roller sports. by the way, tiger woods said that he would play if this was eventually ratified. this has to be now approved until october when the ioc full membership meets and it meets to get a majority approval there. but tiger woods said he would play in a 72-stroke match play kind of in the 2016 olympics. he would be 40, so assuming that he's not retired by then. guys, back to you. >> darren, jim cramer and i -- you weren't privy to the discussions that we have had over the ye
we do have china and india. their economies are doing well. the u.s. is still by far the largest consumer of oil. we certainly don't have the extra money right now to push prices to higher levels. >> all right. steve, thank you. and brian. >> i believe we have breaking headlines right now on the olympics. let's get to darren rovell for those. >> hi, erin. the international olympic committee executive board has recommended two sports for inclusion for the 2016 games. those...
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Aug 10, 2009
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and they also saw the same thing in brazil, india, and china. >> well, you know, there was massive government intervention. >> right. >> massive, around the globe. here we go. at the big board, javelin investment management celebrating the recent look at jet dow jones islamic market international index fund. i don't get where the -- >> where the jets. >> i'll finger out where the jets come from. and at the nasdaq, the mt. sinai medical center. >> market reporters are standing by. let's get there. opening down 42. not full any open. bob, take it away. >> freddie mac is up here nicely, 122. that's a nice little move up there. 45-cent move. bottom line is, for the first profits in nearly of two years, sited a number of different things. change in accounting, that is kind of important. lower funding costs. gains in the company's derivative portfolio. fannie and freddie were the two most actively traded stocks. they don't need additional funding or financing from the u.s. government at this time. at this time is very important. they made a point of saying that could change here. elsewhere, dow com
and they also saw the same thing in brazil, india, and china. >> well, you know, there was massive government intervention. >> right. >> massive, around the globe. here we go. at the big board, javelin investment management celebrating the recent look at jet dow jones islamic market international index fund. i don't get where the -- >> where the jets. >> i'll finger out where the jets come from. and at the nasdaq, the mt. sinai medical center. >> market...
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Aug 3, 2009
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you look at china and india, they have both upped their forecast for gdp growth this year. and there's going to be a lot of demand right there alone.e. you can say the same thing for cell phones, two-thirds of us in the developing world. >> it's going to be non-u.s., your industry for a while at least? >> yeah. and again, i think that's been the case for some time now. yeah. >> so, where are the fabs now? we talked about this last time. >> right, yeah. >> and i'd like to kind of keep track of that.t. we still have a lot of fabs in the u.s. of is this overseas demand resulting in a shifting of where we make them? >> with still have a lot of fabs in the u.s. we still are investing in new state-of-the-art leading edge technology, leading edge capability here in the u.s. both in terms of wafer size, 12-inch wafers, at the load level, dimension level.l. as a consequence of that, still about 70% of the u.s.-based companies, production is taking place here in the u.s. and we think that's going to continue for the next few years. >> do you know what i don't hear anymore, and maybe
you look at china and india, they have both upped their forecast for gdp growth this year. and there's going to be a lot of demand right there alone.e. you can say the same thing for cell phones, two-thirds of us in the developing world. >> it's going to be non-u.s., your industry for a while at least? >> yeah. and again, i think that's been the case for some time now. yeah. >> so, where are the fabs now? we talked about this last time. >> right, yeah. >> and i'd...
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Aug 27, 2009
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the company is rolling out it's high-end bikes in india next year. india is the big second biggest motorcycle market. >>> so the cash for clunkers program, the tally is in, almost 700,000 vehicles sold in the roughly two-and-a-half months this program was under way. yes, eight out of ten of the top ten vehicles sold were foreign-made. foreign brands. many of them built in the united states, though. but the success of this program, should it be expanded to other areas, cash for appliances, for example? firing off on the power grid, former clinton white house staffer david goodfriend, and gm berkman and associates. you know how it works. 20 seconds to make your case. jack, you probably don't even need 20 seconds to tell us why you don't think it should be expa expanded. >> carl marx said don't worry about america, they will spend themselves out of existence. i think he was right. we're diverting capital where it should not be. you've got an artificial industry with artificial jobs. now the government is stimulating artificial purchases within that arti
the company is rolling out it's high-end bikes in india next year. india is the big second biggest motorcycle market. >>> so the cash for clunkers program, the tally is in, almost 700,000 vehicles sold in the roughly two-and-a-half months this program was under way. yes, eight out of ten of the top ten vehicles sold were foreign-made. foreign brands. many of them built in the united states, though. but the success of this program, should it be expanded to other areas, cash for...
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Aug 7, 2009
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and india and other locations. i'm still very concerned about whether we're going to be able to add long-term sustainable jobs. >> and how do we do that? okay, i don't know if you heard on economists on saying that this accounting for population growth and rehiring all the people who lost their jobs. we have to create 15 million jobs in this country in the next 5 years. the president has pretty directly said he wants a lot of that to come from the next big industry, which they've defined as alternative energy. can we get that many jobs there? is that smart policy? >> well, i'm glad you used the word create jobs because jobs create sd very different from a job saved. this idea of saving jobs is very y . we have to focus on new companies, entrepreneurship, innovation. how do we do that? we get to an economy that is not just focused on driving consumer spending to attack. we've got the put the incentive for investment. you've got boeing laying off 10,000 people. emerson, 5,000. these are the companies that you want to
and india and other locations. i'm still very concerned about whether we're going to be able to add long-term sustainable jobs. >> and how do we do that? okay, i don't know if you heard on economists on saying that this accounting for population growth and rehiring all the people who lost their jobs. we have to create 15 million jobs in this country in the next 5 years. the president has pretty directly said he wants a lot of that to come from the next big industry, which they've defined...
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>> india. >> had to be one of those two, right? >> that's right. get your sole lan pan 234e8s now, the deals are hot. >>> as first time jobless claims drop the ten agency stocks including manpower are on a roll, who are more room for these stocks to run. let's have managing director, jeff covers staffing and educational companies. jeff, thanks so much for joining us. >> thanks for having me. >> what are you hearing from these companies in terms of what's going on? are a lot of temporary workers being hired, not really, what's going on? >> i think the worse is over. we're still seeing a year over year decline in temp hiring. but the rate of the year over year decline has been getting less worse, so to speak for the past few months. so the sector's not booming by any means. but definitely the worse is behind us. >> are temps the first thing that companies add back or do they go for, you know, maybe the solid workers are going to keep for a long time? how does it work? >> in most sectors, temp tends to be a leading indicator for full-time employment.
>> india. >> had to be one of those two, right? >> that's right. get your sole lan pan 234e8s now, the deals are hot. >>> as first time jobless claims drop the ten agency stocks including manpower are on a roll, who are more room for these stocks to run. let's have managing director, jeff covers staffing and educational companies. jeff, thanks so much for joining us. >> thanks for having me. >> what are you hearing from these companies in terms of what's...
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Aug 18, 2009
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india and year over year with imports down 68%. that's something that has to be factored in. rbc told me for the first time since he can't remember when, etfs are selling and they usually have been holding or adding and it's not only about the dollar. dennis brought this to my attention and said as it is denominated in the euro and done much better. as for today, we have to tell you, we checked the charts and volumes are light. if we are on pace to do half the volume on the same day last year. we are up and the dollar is weaker, but it's a situation where guys don't know what the next traction news item or inflation issue is going to be. there is a quiet pit right now behind me. >> plenty of people who think we are in a deflation and not inflation. >> a powerful senator takes them back from all over the world to drum up trades. >> of course from iowa and the key player in health care legislation. jane wells left california for the cornfields of iowa and joins us from there now. >> actually they are soy beans, but up next, they talked monsanto and in between they talked turkey
india and year over year with imports down 68%. that's something that has to be factored in. rbc told me for the first time since he can't remember when, etfs are selling and they usually have been holding or adding and it's not only about the dollar. dennis brought this to my attention and said as it is denominated in the euro and done much better. as for today, we have to tell you, we checked the charts and volumes are light. if we are on pace to do half the volume on the same day last year....
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let's zoom in on india and cross over to mumbai. ayesha faridi joins us. >> thanks for that, christine. the indian market belongs to the entire real estate pack, metals are holding up very well and the kind of bump up that we have seen in the commodity universe or rather the base metals market. so almost 2.7% in the green for the nifty right now. 4570 is back in the index. and it's actually the small cap universe which is really holding out. so a sign of the real estate and the metals universe, you have other sectors in the green. this is a whole lot talk about some sort of education policy that the government may be announcing. stim no confirmation on that. the entire sector is holding up very well. you've got a whole host of telecoms, gains of about 2.5% to % apiece. meantime, the nspci view closed yesterday and the entire power story closed yesterday. nhpc may be listing in about three odd weeks and the government may be announcing some sort of power reforms in the couple of days or something. so the entire power sector is doing
let's zoom in on india and cross over to mumbai. ayesha faridi joins us. >> thanks for that, christine. the indian market belongs to the entire real estate pack, metals are holding up very well and the kind of bump up that we have seen in the commodity universe or rather the base metals market. so almost 2.7% in the green for the nifty right now. 4570 is back in the index. and it's actually the small cap universe which is really holding out. so a sign of the real estate and the metals...
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Aug 3, 2009
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women in india is the best place to look. that's when you know the crieses have topped out. we have all this money rolling in and we can't get to $1,000. >> earlier in the year, we had levels of skraps being liqu liquidated. it's pretty hard and fast and that was in the first call. now it moves up and it's pretty slow. investment is off as well. investment is there and what you need now is another wave of investment coming in to push prices higher. >> for those who are interested in stepping into the precious metals and the imf sale as well. would you recommend that? do you view it topping the $1,000 mark? >> the gold market is really quite tiny. the investments are pushing in and it's possible to push it beyond that level. they are pushing at the market and inflation to really start in a big way. they could see investment coming and $1,000 is possible. >> thanks for joining us. appreciate it. >> we have a strong market performance and let's get to the reporter beginning with bertha coombs. >> we have the great manufacturing number today. better than expected.d. we have the
women in india is the best place to look. that's when you know the crieses have topped out. we have all this money rolling in and we can't get to $1,000. >> earlier in the year, we had levels of skraps being liqu liquidated. it's pretty hard and fast and that was in the first call. now it moves up and it's pretty slow. investment is off as well. investment is there and what you need now is another wave of investment coming in to push prices higher. >> for those who are interested in...
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Aug 26, 2009
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and it goes back to your roots in india and you take some inspiration from that, but you've also lightened it up a little bit, as well. >> yeah. i mean, i love beautiful traditional indian jewelry. i have a lot of it, of course, from my mother, from my grandmother and aunts, but i really wanted something a little more modern, a little more wearable and i think that there was a need in the marketplace of women like me who don't have time to come home after work and change before they go out at night. i leave the house at 9:00 and i'm wearing a blazer or a pant suit because i've got meetings. and maybe i change into a cocktail dress. or on the weekends, i go to the grocery store, go shopping with a girlfriend and then wear jeans and i needed jewelry that could serve all the different parts of my life. and i wasn't finding it. i just wanted pretty delicate jewelry that didn't upstage me, that could go with all the different parts of my wardrobe and my personality. and so i started off just creating a micro collection of pieces for me and then i got a pantene campaign honestly and i didn't wan
and it goes back to your roots in india and you take some inspiration from that, but you've also lightened it up a little bit, as well. >> yeah. i mean, i love beautiful traditional indian jewelry. i have a lot of it, of course, from my mother, from my grandmother and aunts, but i really wanted something a little more modern, a little more wearable and i think that there was a need in the marketplace of women like me who don't have time to come home after work and change before they go...
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Aug 17, 2009
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india celebrated independence day. the country's prime minister vowing to return the country to 9% growth. can they catch up with china? stay tuned. more efficiently, so we've brought in a team of experts to help. one suggestion is to make your shipping more efficient with priority mail flat rate boxes from the postal service. call or go online for a free supply and up to $160 in offers from authorized postage vendors. shipping's a hassle! weighing every box... actually, with flat rate boxes you don't need to weigh anything under 70 pounds. if it fits, it ships for a low flat rate. ok, but i ship all over the country. you can ship anywhere in the country for a low flat rate. ship international, too. yes, but i ship hundreds of things, in all sizes. great, because flat rate boxes come in four sizes. call now and we'll send a free supply, plus up to $160 in offers. when you're ready to ship, we'll even pick them up for free, no matter how many you have. priority mail flat rate boxes only from the postal service. a simple
india celebrated independence day. the country's prime minister vowing to return the country to 9% growth. can they catch up with china? stay tuned. more efficiently, so we've brought in a team of experts to help. one suggestion is to make your shipping more efficient with priority mail flat rate boxes from the postal service. call or go online for a free supply and up to $160 in offers from authorized postage vendors. shipping's a hassle! weighing every box... actually, with flat rate boxes...
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Aug 21, 2009
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india's bombay sensex up 1 1/2%. guy johnson, what's happening in europe? >> mark, we are trading higher. i just want to point out that it is on staggeringly like volume. nobody is out there. just take a look at the clips going through the european market are incredibly light at the moment. so when you look at what you're seeing here on the screen, you've got to bear that in mind. i kind of want to walk you around europe and talk about the stories we're watching. in london, justice blackburn ruled today that english courts do not have the jurisdiction to force creditors of lehman europe to accept the wind-up for them. that's highly significant because pwc, pushing through that wind-up order, now says that it could take a decade town wind the assets of lehman europe. bear that in mind when you come up this anniversary which we're rapidly approaching of the lehman collapse. let's go over to germany where all the talk is about what happens with gm europe, opel. talk is this board meeting taking place today with gm. the indications are that we're going to see m
india's bombay sensex up 1 1/2%. guy johnson, what's happening in europe? >> mark, we are trading higher. i just want to point out that it is on staggeringly like volume. nobody is out there. just take a look at the clips going through the european market are incredibly light at the moment. so when you look at what you're seeing here on the screen, you've got to bear that in mind. i kind of want to walk you around europe and talk about the stories we're watching. in london, justice...
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Aug 20, 2009
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they point to china, india. if there's a demand, a true middle class growing out right now, that's what we're looking for. >> is there an economic barometer for economic activity? it's not the same incident that the u.s. stock market is for the u.s. economy. it's nonanticipatory in any way. >> down 20% in the last three weeks, petra down 20% from july 28 and the local market is down 7%. same thing with sinopex. a lot of the big cap names. that's a disconnect i don't feel comfortable playing. >> something you can't play. >> you've got to prefer to play some of the american plays, whether it's a three-point -- or going global. >> china. >> get the exposure. you don't know about them. those aren't investments. those are trades. >> let's bring in dennis guardman of the guardman letter. he's got expertise in the commodities market, certainly. the commodity king is his nickname. dennis, always a pleasure to see you. we've been having a very heated debate -- not so much on the debate. but are you looking at the shangha
they point to china, india. if there's a demand, a true middle class growing out right now, that's what we're looking for. >> is there an economic barometer for economic activity? it's not the same incident that the u.s. stock market is for the u.s. economy. it's nonanticipatory in any way. >> down 20% in the last three weeks, petra down 20% from july 28 and the local market is down 7%. same thing with sinopex. a lot of the big cap names. that's a disconnect i don't feel comfortable...
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Aug 28, 2009
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let's talk about india right now. ayesha faridi joins us live for the india business report. just stepped into the september series today. it's been shopping, but for now it's holding up in the green. 15,800 is where we're standing and the sensex is almost 100-odd point gain is what the sensex is nudging. and 4,7 must know, they will break out above that level yesterday and now it's firmly standing above it. almost a 33-odd point gain is what we're standing at right now. midcap cement companies are holding up very well. there are signs of demand pick up, which is why we're seeing a whole host of these plays pick up. besides that, amongst the heavyweights, you have meltses which have made a very good comeback. yesterday the stock was down almost 6% on close. a knee jerk reaction coming on very poor numbers. they have reported a loss this time around, but today the stock is making a good comeback and you are seeing it hold up in the green besides that capital goods is another pocket which is looking quite good. with that, it's back to you. >> ayesha, thank you very much. you ha
let's talk about india right now. ayesha faridi joins us live for the india business report. just stepped into the september series today. it's been shopping, but for now it's holding up in the green. 15,800 is where we're standing and the sensex is almost 100-odd point gain is what the sensex is nudging. and 4,7 must know, they will break out above that level yesterday and now it's firmly standing above it. almost a 33-odd point gain is what we're standing at right now. midcap cement companies...
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>> it's going to have more of an impact on india where they consume huge amounts of sugar. in this country, first of all we pay twice the world price anyway because of the interference of the united states government. >> i love that. yeah, great. >> industrially, you know, processed foods, most of them switched over to high fructose corn syrup decades ago anyway. >> it's not you pouring sugar on those strawberries over there. >> that's minor. >> i love sugar. >> on the strawberries? >> major sugar person. there you go. i like splenda on my strawberries. >> spenda? >> i love it. tastes just like sugar. it's great. tastes just like sugar. >> i'll give eight shot. >> all right. >>> coming up, wild moves in a handful of stocks this week. following that trade, following the momentum plays and getting your money ready for the weekend. >>> and stay tuned to meet a small business owner who is beating the big boys at their own game. the owner of a local hardware store is seeing a boost in profits, even hiring in this economy. our small wonder series kicks off in just minutes. you're
>> it's going to have more of an impact on india where they consume huge amounts of sugar. in this country, first of all we pay twice the world price anyway because of the interference of the united states government. >> i love that. yeah, great. >> industrially, you know, processed foods, most of them switched over to high fructose corn syrup decades ago anyway. >> it's not you pouring sugar on those strawberries over there. >> that's minor. >> i love sugar....
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Aug 12, 2009
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let's turn now to india. ayesha faridi joins us live from mumbai from the india business report. ayesha. >> thanks for that, christine. it's a bad wednesday for the indian economic markets. it's sliced through 4,600, 4,500 and has even broken the 4,400 market in trade today. it's recovered from the low point of the day. just about half an hour can ba, we were seeing 2% cuts for the sensex and the nifty. the bodder markets reeling under pressure there, as well. in fact, most technical analysts do believe that 43.50 thereabouts is now the next resistance thorn for the market. the big losers in trade are the entire technologies space. you've got realty which is facing a lot of pressure in trade today. so these are the two weak pockets. besides that, a whole hoeft of these heavyweight counters have also been weak. but economic data has been very positive. we have market expectations about 7.8% across the board growth, but currently, the market is more worried about the global weakness that we are seeing. with that, it's back to you. >> ayesha faridi, thank you for that. ross, back ov
let's turn now to india. ayesha faridi joins us live from mumbai from the india business report. ayesha. >> thanks for that, christine. it's a bad wednesday for the indian economic markets. it's sliced through 4,600, 4,500 and has even broken the 4,400 market in trade today. it's recovered from the low point of the day. just about half an hour can ba, we were seeing 2% cuts for the sensex and the nifty. the bodder markets reeling under pressure there, as well. in fact, most technical...
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Aug 7, 2009
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i would bring in india, as well. india will be an economy we will take far greater notice of as the years go by. i agree totally in the decoupling. we are continuing to see that shift in economic power from west to east. we have too just to it. you have to adjust to it. far more severely than we do. it isn't something that is going to go away. but it cannot done and we will do it. but whether it will be deflationary or not, i'm not quite sure. >> meanwhile, howard, if i can just change tax slide, a large part of the rally in europe has been from financials. but we heard from rbs today who added realism. >> yes, they did. it has been an amazing week. yes, we were very glad the it's all over. what a week for banks. the good, the bad and the ugly. well, if the ugly is royal bank of scotland today, then we can actually live through it. but you know, the bottom line is that there's still a massive write-off here. banks are not performing in the way, the manner which they need to. there's a lot of clearing of decks to do a
i would bring in india, as well. india will be an economy we will take far greater notice of as the years go by. i agree totally in the decoupling. we are continuing to see that shift in economic power from west to east. we have too just to it. you have to adjust to it. far more severely than we do. it isn't something that is going to go away. but it cannot done and we will do it. but whether it will be deflationary or not, i'm not quite sure. >> meanwhile, howard, if i can just change...
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Aug 6, 2009
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let's head out to india right now. mumbai for the latest on the india bit report. ayesha faridi joins us. hello, eayesha. >> thanks for that, christine. after a very tough day, more action seen for the broader market. while the sensex is a shade odd in the green, the crucial point, i think, is that is standing above that 4,700 mark. and it's the broader markets which have seen more. meantime, of course, a lot of things are really playing up. banking is one such bank. this led to the kind of recovery that we have seen today. so a couple of these counters and not just the heavyweight counters, development credit bank amongst the midcap banks had been showing you gains of about 5 odd percent. you've got axis bank is holding up by about 1.5%. icici bank, over a 3% move. l&t is doing out quite well. in the meantime, we have got a couple of news reports, still unconfirmed, that india plans to sue the euro union at the world trade organization at the wto for allowing big pharmaceutical companies to detain engine nettic drugs in transit to developing countries. that is one
let's head out to india right now. mumbai for the latest on the india bit report. ayesha faridi joins us. hello, eayesha. >> thanks for that, christine. after a very tough day, more action seen for the broader market. while the sensex is a shade odd in the green, the crucial point, i think, is that is standing above that 4,700 mark. and it's the broader markets which have seen more. meantime, of course, a lot of things are really playing up. banking is one such bank. this led to the kind...
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Aug 27, 2009
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. >>> harley davidson sunounci i e announcing plans to sell its motorcycles in india next year. they're hoping the middle class will trade in smaller, more inexpensive motorcycles for its hogs. >>> what's ahead on "fast money"? hi, rick. >> hi. the traders are going to be breaking down today. stock reversal. give you the plays for tomorrow. >>> plus, hey, we've got the latest from dell's conference call. and the traders and i, of course, are live at 5:00. >> i'll see you in five minutes, rick. thanks so much. >>> up next, several key events tomorrow could have an impact on trading. we'll break it down, what you need to know when the opening bell sounds on friday. some people buy a car based on the deal they get. others by the car of their dreams. during the lexus golden opportunity sales event, you can do both. special lease offers now available on the 2009 es 350. and you know what, it works. nutrisystem for men: flexible new programs personalized to meet your goals. what's great about nutrisystem is you eat the foods you love and you lose weight. i'm dan marino. i lost 22 poun
. >>> harley davidson sunounci i e announcing plans to sell its motorcycles in india next year. they're hoping the middle class will trade in smaller, more inexpensive motorcycles for its hogs. >>> what's ahead on "fast money"? hi, rick. >> hi. the traders are going to be breaking down today. stock reversal. give you the plays for tomorrow. >>> plus, hey, we've got the latest from dell's conference call. and the traders and i, of course, are live at...
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Aug 3, 2009
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if we see signs of inflation especially in areas such as india and china, if we start to see areas there, we'll see commodities sustained. i am against ru bin on this particular point.t. i think we will see a stronger move ahead. it's more inflation led. the cost of money being so low at the moment that's driving that price. if we start to see a tightening, then the commodity rally westbound able to be sustained. >> martin, always a pleasure speaking to you. xw >>> shares in barclays trading higher after a profit jumped 8% in the first half to just under $5 billion. the numbers were shy of forecast after impairment charges on corporate and consumer loans jumped 86%. the profit of the group's investment dropped from a year ago thanks to the acquisition of lehman brothers and commodity revenu revenues. speaking first, the president bob diamond, said the bank is getting conservative. >> it's getting easier and easier to see exactly how it's going to play out. we are expecting a difficult second half in the year in terms of provisioning. that's part of our plan. >> in china, more signs that
if we see signs of inflation especially in areas such as india and china, if we start to see areas there, we'll see commodities sustained. i am against ru bin on this particular point.t. i think we will see a stronger move ahead. it's more inflation led. the cost of money being so low at the moment that's driving that price. if we start to see a tightening, then the commodity rally westbound able to be sustained. >> martin, always a pleasure speaking to you. xw >>> shares in...
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Aug 26, 2009
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. >>> on the flip side, q1 profits from india's tata steel looking to soar on reports of higher prices and improving demand. tune in to cnbc world to catch all the action overseas. at cnbc's asia headquarters i'm adam bakhtiar going global with your money. >>> well, high-yield bond funds have had a good month so far. 30-plus percent year returns attracting almost $15 billion in assets. has the rally begun to run too far too fast? joined by jim keegan of the ridgeworth immediate bond fund and brendan white of the touchstone high yield bond fund. gentlemen, good to have you on the program. what's your thoughts, jim? >> at this point, maria, all risky assets have run very far very fast in a short period of time and our view right now is the economy is experiencing what we consider to be transitory growth and it's all about the consumer. the consumer is the lynchpin to the u.s. economy and the global economy and we just see that there's a secular change going on in consumer spending behavior driven by four factors -- less consumption, higher savings, less leverage, more regulation, and hig
. >>> on the flip side, q1 profits from india's tata steel looking to soar on reports of higher prices and improving demand. tune in to cnbc world to catch all the action overseas. at cnbc's asia headquarters i'm adam bakhtiar going global with your money. >>> well, high-yield bond funds have had a good month so far. 30-plus percent year returns attracting almost $15 billion in assets. has the rally begun to run too far too fast? joined by jim keegan of the ridgeworth...
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Aug 18, 2009
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let's head over to india and join ayesha faridi live for the india business report. >> thanks for that, christine. standing or staring at that 1.5% gain for both the sensex and the nifty. might i add, it has come off from the top of the day. we're almost staring at a 100 point rally for the nifty just about a while ago. technology has been weak in trade today. watch out for counters. unitech amongst the real estate space, it's almost a tug of war space. reliance industries, which has an extremely high weighted in the index, that counter is flattened. but the rest of the market is looking good. telecom is definitely in focus. reliance communications now, we are expecting up from our sources that reliance communications is in talk for source based information up now. but that counter is holding up. more update coming in part and mtn, the deal is currently on and our sources indicate that the board will be meeting today. if it is conclusive, we can expect some agreement from the deal in the next ten days. the going has been good for that one. the metals space and the real estate space, un
let's head over to india and join ayesha faridi live for the india business report. >> thanks for that, christine. standing or staring at that 1.5% gain for both the sensex and the nifty. might i add, it has come off from the top of the day. we're almost staring at a 100 point rally for the nifty just about a while ago. technology has been weak in trade today. watch out for counters. unitech amongst the real estate space, it's almost a tug of war space. reliance industries, which has an...
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Aug 21, 2009
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but those markets, china, brazil, and india are up substantially more than that. so they have been the leaders in terms of investment performance. and when we start to see cracks in these markets, and i think we're going to continue to see some cracks, they're way ahead of themselves. >> okay. >> it's going to impact our market. >> don, you want to answer that? >> i think he's a little too pessimistic about this. it's going to be volatile. but it's a small market compared to ours. it's an important indicator of sentiment here. but it is not really a competitor for the kind of institutional investors that are dominant in our market or are dominant in japan or the european markets and not a good indicator for individual investors here either. >> okay. >> the way individual investors participate in china is in those chinese stocks that trade in america. >> okay. new topic. bob, housing data very strong today, what about the housing stocks? is that some place you're willing to go to? they've had tremendous runs, is it all priced in? >> i think most of it is priced in.
but those markets, china, brazil, and india are up substantially more than that. so they have been the leaders in terms of investment performance. and when we start to see cracks in these markets, and i think we're going to continue to see some cracks, they're way ahead of themselves. >> okay. >> it's going to impact our market. >> don, you want to answer that? >> i think he's a little too pessimistic about this. it's going to be volatile. but it's a small market...
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Aug 26, 2009
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. >> in line with the rest of asia today, india is trading higher. we're joined now by ayesha faridi. thanks for that, maura. tale, it's been quite a choppy day. while it has struggled or tried not to hit the 4700 mark for the nifty, it isn't really being able to do that. it has made many attempts now for the trading session. all indices are in the green, but a big winner, indeed, or trade is indeed in force and the entire i.t. pack. clst is a brokerage which has been bearish on the entire i.t. space in india and is upgraded and it has upped the price target, as well. and they do also believe that they may beat fy '10 guidance and that is bringing volatility to the space, including in the midcap space. another stock in focus is united which is down by almost 2% in trade today. here is the news why. they have now called off stocks for diaggio sizing high evaluations and anti-trust issues as to why it was called off. it's a sentiment and a dampener with knee jerk reactions coming into it there. meantime, of course, we have a couple of other counters mo
. >> in line with the rest of asia today, india is trading higher. we're joined now by ayesha faridi. thanks for that, maura. tale, it's been quite a choppy day. while it has struggled or tried not to hit the 4700 mark for the nifty, it isn't really being able to do that. it has made many attempts now for the trading session. all indices are in the green, but a big winner, indeed, or trade is indeed in force and the entire i.t. pack. clst is a brokerage which has been bearish on the...
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Aug 20, 2009
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from talking about chinese banks, let's go over to india. ayesha joins us for the india business report. >> thanks for that, christine. part of the global rebound today, 4473 for the nifty right now. good gains coming in. 15,000 plus for the sensex, as well. that was a disapointing and dance because most marketmen were expect ago lists at 110. so adani power is one of the stocks in focus. almost 22 times is how the ipo was subscribed. besides that, sterlite industry sess one particular focus in stock today. sterlite has now matched a group of mexico's pay to about $2.1 billion is the exact figure over there. when we spoke to the company, they say they're upping the cash component by about $500 million from the previous bid. so both of these stocks in focus. with that, it's back to you. >> ayesha, thank you very much for that, live in mumbai. missing analysts forecasts. for the six months to june, net profit eked out a gain of 1.4% as revenue rose 8.9% from the year before. and taking a look at shares of china mobile, down 0.2%, 82.58 in hong
from talking about chinese banks, let's go over to india. ayesha joins us for the india business report. >> thanks for that, christine. part of the global rebound today, 4473 for the nifty right now. good gains coming in. 15,000 plus for the sensex, as well. that was a disapointing and dance because most marketmen were expect ago lists at 110. so adani power is one of the stocks in focus. almost 22 times is how the ipo was subscribed. besides that, sterlite industry sess one particular...
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we have india as well. and japan is still a very big economy, even if it's in recession. >> the world is watching to see how china will make this transition from an export-led economy to a consumer-led economy. you think that transition is well on its way? >> we are seeing it. we are feeling it in the philippines. china buys of course a lot of electronics and minerals from us, which fuels their industries, which are also export oriented. but at the same time china is buying a lot of fruits from the philippines, and that is for the consumer economy. >> i want to get your take with regard to what's happening in regard to rice. a couple of years ago we saw rice prices soar. how do you avoid a situation like that happening again? >> well, we've learned a lesson. the economics of rice has changed. because you know, like the philippines, we are -- rice is our staple. we really eat rice all the time and in big quantities.s. but our country is an ark pell ago with lots of mountains and we don't have great plains li
we have india as well. and japan is still a very big economy, even if it's in recession. >> the world is watching to see how china will make this transition from an export-led economy to a consumer-led economy. you think that transition is well on its way? >> we are seeing it. we are feeling it in the philippines. china buys of course a lot of electronics and minerals from us, which fuels their industries, which are also export oriented. but at the same time china is buying a lot of...
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Aug 4, 2009
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. >> in india, ayesha faridi joins us live for the india business report. >> we participated in the global rally today. yesterday it clocked a new high for ourselves and the nifty clocked that or cruised past that 4,700 mark. today, the markets chose to consolidate. the biggest drav dragger is oil and gas heavyweight, which is why you're seeing the nifty break away and increase those values. tata motors is your biggest gainer for today, at almost 6.5% gains. there are also rumors in the market that they may get the loan guarantee approved for the government for bridge loan acquisition of land rover. besides that, most of the commodity stocks have been doing very well. you've got auto ancillary stocks looking very well. the monthly sales numbers that came out for auto stocks and infillry stocks are picking up in trade amid the mid and the small caps are holding up, as well. >>> elsewhere, we are looking at euro's biggest bank, hsbc, the company could soon be one of the first foreign companies to list in shanghai. reuters says it could raise up to $7.3 billion in a shanghai ipo during the se
. >> in india, ayesha faridi joins us live for the india business report. >> we participated in the global rally today. yesterday it clocked a new high for ourselves and the nifty clocked that or cruised past that 4,700 mark. today, the markets chose to consolidate. the biggest drav dragger is oil and gas heavyweight, which is why you're seeing the nifty break away and increase those values. tata motors is your biggest gainer for today, at almost 6.5% gains. there are also rumors in...
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Aug 28, 2009
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it doesn't exercise jurisdiction over china and india's buying of commodities. and it only somewhat exercises jurisdiction over oil companies. they do, however, exercise jurisdiction over users of futures. that's why i think we become the focus. >> right. is it possible -- gary gensler is the head of the cftc. he's been on our program many times. is it possible to say that mr. gensler is between a rock and a hard place right now, that he's got a lot of pressure, that there are people who honestly believe there are dark, maybe mysterious force that's are manipulating things, particularly commodities out there, he wants to get a satisfactory answer? how can he do this without causing so much damage to the markets? what should mr. gensler be doing? >> he's got to look at data. he's got to look hard at what's driving the market and not just take the simple story at face value. if you actually dig in, there are probably good regulations to be had in here, but excluding individual investors from the commodities market by getting rid of commodity etfs can't be the righ
it doesn't exercise jurisdiction over china and india's buying of commodities. and it only somewhat exercises jurisdiction over oil companies. they do, however, exercise jurisdiction over users of futures. that's why i think we become the focus. >> right. is it possible -- gary gensler is the head of the cftc. he's been on our program many times. is it possible to say that mr. gensler is between a rock and a hard place right now, that he's got a lot of pressure, that there are people who...
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Aug 10, 2009
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. >>> from china, let's switch gears and head to india. ayesha joins us for the business report. >> it's been a volatile monday. asia was holding up. started off on a positive note. within minutes of trade it slipped down. around the 4500 level. just marginally holding. that's the case for the broader markets as well. what's dragging the indises down is the monsoon worries, which still hasn't picked up in certain key regions of the company. you have a couple of monsoon sectors. big draggers today. unilever stocks one of the losers today. what's gaining on the flip side is the entire i.t. sector. they are maintaining a good 6% gain right now. of course, pharma is holding up pretty well. in the meant, talking about monsoon, the worries clearly continue. they have actually stayed down the long-term forecast to 80% from the previous 95%. that as the market is watching. meantime, the swine flu death toll has risen in the country. in fact, it's gone up to six, with two deaths reported this morning in all. so that, of course, is bringing a flurry
. >>> from china, let's switch gears and head to india. ayesha joins us for the business report. >> it's been a volatile monday. asia was holding up. started off on a positive note. within minutes of trade it slipped down. around the 4500 level. just marginally holding. that's the case for the broader markets as well. what's dragging the indises down is the monsoon worries, which still hasn't picked up in certain key regions of the company. you have a couple of monsoon sectors....
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Aug 19, 2009
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let's head over live to mumbai with ayesha iffaridi for a chec on the india business report. >> following it up from asia, down by 50 points for the nifty right now. almost over 1%, though it's recovered from the low point of the day. we were staring down by about a 2%. you are seeing heavyweight selling, beat up markets are selling off and you are seeing institutional selling coming in. so reliance industries or in gc, both of these counters are giving off a lot by way of momentum. you have counters from the entire real estate space like unitech and glenn mark pharmaceuticals, that is one count which is in focus and trade today. here is perhaps the reason why. forest labs currently says they did not show positive results in the phase 2b trials pop so any jerk reaction coming in on opening bell. the counter was down about 18 odd percent. still continues to suffer, down about 14% on last count. some bit of recovery in ranbaxy, idn and a couple of other counters which have which has sold off a bit in the last week or so. with that, it's back to you. >> ayesha faridi, thank you very much. an
let's head over live to mumbai with ayesha iffaridi for a chec on the india business report. >> following it up from asia, down by 50 points for the nifty right now. almost over 1%, though it's recovered from the low point of the day. we were staring down by about a 2%. you are seeing heavyweight selling, beat up markets are selling off and you are seeing institutional selling coming in. so reliance industries or in gc, both of these counters are giving off a lot by way of momentum. you...
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. >> the journal, actually, i don't know if you can pick this up but a picture about people in india driving harleys. it speaks about this growth handoff. they eventually want to have -- if there's going to be an engine of growth it won't be in the united states because the consumer is having difficulty. it has to be the rest of the world. we hope as the rest of the world moves up the income rung they'll be buying more american-made products and global trade will pick up. >> and what's the running price of a harley there? like 1,000 bucks? the average salary of a person, a commuter, is $1,000. it would be difficult to afford the hog right now. >> in india and china, you have the motorbike, the dad in the front, baby on the lap, mom on the back with groceries and a chicken stuck on the back. really cool on the harley. >> they do look good. >> just a short time ago we didn't think anyone anywhere was going to buy nonessentials or an american-made product. people are and it's a good thing. >>> coming up this morning's top stories and also jim and tony take on them. plus, could a brawl b
. >> the journal, actually, i don't know if you can pick this up but a picture about people in india driving harleys. it speaks about this growth handoff. they eventually want to have -- if there's going to be an engine of growth it won't be in the united states because the consumer is having difficulty. it has to be the rest of the world. we hope as the rest of the world moves up the income rung they'll be buying more american-made products and global trade will pick up. >> and...
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>> well, i think we have growth coming out of china, out of india, some domestic growth but it will be a slow growth. i don't think there will be no growth but slow growth. there is a risk we turn down later in the year. a lot of -- >> later this year? >> well, i would say into 2010. but you guys and i agree are great fans to warren buffett. he's noted for saying, you know, forecasting the future, tell you more about the forecast than they tell you about the future. once you get beyond the 12-month rice, you're talking politics s rather than economics. it will be highly unusual after fiscal stimulation in the monetary stimulation, injected in the economy didn't have the intended effect. >> over the weekend barron's said you would almost prefer a return that's tepid, because as long as the economy is subpar, less politicians are, they can't force through legislation, you go along with that or would you rather have a booming recovery? >> no. steady as she goes. >> really? >> give opportunity for the excesses to unwind. same thing for the stock market. our target at the beginning of the y
>> well, i think we have growth coming out of china, out of india, some domestic growth but it will be a slow growth. i don't think there will be no growth but slow growth. there is a risk we turn down later in the year. a lot of -- >> later this year? >> well, i would say into 2010. but you guys and i agree are great fans to warren buffett. he's noted for saying, you know, forecasting the future, tell you more about the forecast than they tell you about the future. once you...
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g-7 is outdated, doesn't include china, india, and other bodies are also not as effective. and to see this coming meeting is loud to lapse is an issue. i hope in the next few weeks we jump-start this process. >> i would use your term to the bank of england directly. if you're going to be a player and regulator, you don't win, then if you're the referee and the player and you can't win, then you've got a real problem on your hands. certainly i think our fed has done a better job to say we are going to get out of qe first and use other facilities to keep the system working the best we can. >> mohammed a couple of quick crude market questions before we run out of time. back on july 28th, headlines ran that said, as you know, el-erian said stock rally won't continue with lack of revenue. el-erian selling into corporate bond equity rally. is that still happening? do you think markets have hit their high for the year? >> we position ourselves more cautiously. we think at these levels risk assets of pricing a lot of good news, not just about fiscal stimulus, not just about invento
g-7 is outdated, doesn't include china, india, and other bodies are also not as effective. and to see this coming meeting is loud to lapse is an issue. i hope in the next few weeks we jump-start this process. >> i would use your term to the bank of england directly. if you're going to be a player and regulator, you don't win, then if you're the referee and the player and you can't win, then you've got a real problem on your hands. certainly i think our fed has done a better job to say we...
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the india sensex trading and for now in positive territory. nymex light sweet crude just off yesterday's high of 74. we're down by about 50 u.s. cents at $73.87. mike, let's take a look at how the futures are shaping up on this tuesday morning. good morning to you, mike. >> thanks, maura. good afternoon to you. and the price of oil was really a big reason why we saw the activity in the markets that we saw yesterday. as for this morning, it does not look like we're going to get much of a bernanke bounce here, as you can see. maybe the exact opposite could occur today of what happened yesterday when we had the dow ever so slightly higher and the nasdaq and the s&p 500 a tiny fraction lower. as equities relatively fell out of favor, we did see investors bid up the price of treasury notes. and this morning, we have the bund yield following even more. the yield on the benchmark ten-year t-note fell to .49% yesterday. and if we look at it now, it is ticking up just a little bit, but it's basically flat at 3.49%. moving on to gold, on the strength of
the india sensex trading and for now in positive territory. nymex light sweet crude just off yesterday's high of 74. we're down by about 50 u.s. cents at $73.87. mike, let's take a look at how the futures are shaping up on this tuesday morning. good morning to you, mike. >> thanks, maura. good afternoon to you. and the price of oil was really a big reason why we saw the activity in the markets that we saw yesterday. as for this morning, it does not look like we're going to get much of a...